Skip to main content

Protecting American Innovation in the Age of Geopolitical Competition. Diya Kumar (GWU ‘26)

At SEMAFOR’s “Navigating Regulatory Waves: Pathways Toward Policy Innovation” event on October 28, policymakers and industry leaders spoke on how the U.S. can adapt to new economic and technological obstacles in an era of renewed geopolitical rivalry. The common question they answered was How can the U.S. stay innovative and competitive in this fast-changing world?

Out of all the conversations that day, the one with Rep. Deborah Ross (D-NC) stood out to me—she spoke with conviction, humor, and a sense of urgency that cut through the usual talking points. Her first message: innovation shouldn’t come with a price tag.

Rep. Ross didn’t mince words about President Donald Trump’s idea to impose new fees on patents. She called it a threat to first-time inventors and minority business enterprises (MBEs)—the people who most need access, not more disadvantages.

“We need to support first-time patent holders to uphold the values this country was founded on,” she said. She emphasized that we need the freedom to let a spark of creativity grow into something bigger, to let it ignite lasting change.

Her point reached me. In my admittedly limited experience, I understand that innovation doesn’t start in boardrooms—it starts with individuals who take risks. When new inventors face higher costs, creativity stalls before ever starting.

Ross noted that a bipartisan push is already underway in the House and said she hopes the Senate will “be the grown-ups in the room again” when it reaches their floor.

When AI Meets Accountability

Ross then turned to intellectual property and AI, where creativity and regulation are colliding fast. She criticized the current administration’s “manipulation” of copyright law and said, “Copyright should know no favoritism.”

She also warned that AI is already infringing on intellectual property rights, and that Congress needs to act. “I’d love to have a bipartisan law on AI,” she joked, “but Congress can’t convene.”

It was a light moment with a heavy truth behind it. The longest government shutdown in U.S. history has stalled policymaking at a time where it is most necessary. But Ross pointed out a silver lining. While Congress stalls, states are stepping up, especially when it came to stopping AI from interfering in the recent elections.

Democracy Under Pressure

The conversation then shifted to voting rights. Ross spoke about Section 2 of the Voting Rights Act, explaining that minorities now have to prove discrimination to access protections. She said this shift has left many Black voters in North Carolina institutionally disadvantaged.

Ross described the ongoing gerrymandering battles in her state as a deliberate attempt to weaken representation before the midterms. “We spend more time talking about Biden in the judiciary than we do Trump,” she added, bringing in the evident lack of accountability and oversight in the current administration. Her message was clear: when partisanship replaces fairness, democracy suffers.

Concluding Thoughts

Another speaker, Robert Zirkelbach of PhRMA, reinforced Ross’s message with a simple truth: “Every dollar we spend on a tariff is a dollar we can’t spend on R&D.”

Both reminded me that smart policy should fuel innovation, not fence it in. Whether through tariffs or patent fees, misplaced economic decisions drain the resources, energy, and mindset that drive progress.

Popular posts from this blog

Kamalanomics: Home and Health

Vice President Kamala Harris recently unveiled her economic plan, which builds upon and expands several initiatives from the Biden administration while adding new elements aimed at addressing economic challenges faced by American families. Her plan, dubbed the "Opportunity Economy" agenda, focuses on lowering costs for essential goods and services, particularly targeting housing, healthcare, and groceries. Key Components: 1. Housing: Harris proposes constructing three million new homes to address the housing supply crunch, which is more ambitious than Biden's two-million-home plan. She also advocates for a $40 billion "innovation fund" to encourage local governments to find solutions to housing shortages and make it harder for investment companies to buy up large numbers of rental properties, which has driven up rent prices. (See: Comments to the CalPERS Board of Administration, July 15, 2024 on Housing and Environmental Investing.) 2. Healthcare: Expanding on B...

Maternal Health Financing Facility for Black Women: A Solution to an Urgent Problem

Maternal mortality is a significant issue in the United States, with Black women disproportionately affected. Research conducted by the Centers for Disease Control and Prevention (CDC) has shown that Black women are more likely to die from pregnancy-related causes than their white counterparts. However, the issue is not new, and despite the increasing amount of data available, the disparities have remained unaddressed for far too long.  Creative Investment Research (CIR) is among the organizations that believe there is a solution to the problem. Through our proposed impact investing vehicle , the Maternal Health Financing Facility for Black Women (MHFFBW), we aim to tackle the mortality gap and support Black women during childbirth, which will, in turn, benefit their communities. The Facility, based on legally binding financing agreements containing terms and conditions that direct resources to individuals and institutions capable of addressing supply-side conditions at the heart...

William Michael Cunningham on Impact Investing, Blockchain, and Crowdfunding

September 2018 - 10 Questions William Michael Cunningham on Impact Investing, Blockchain, and Crowdfunding Interview by Carly Schulaka WHO: William Michael Cunningham WHAT: Economist, impact investing specialist, founder of Creative Investment Research WHAT'S ON HIS MIND: “Any finance professional in the U.S. should learn how to create a blockchain.” 1. You are an economist, an inventor, and an impact investing specialist. I’ve heard you say: “True innovation happens in a way that is independent of monetary returns.” How does this statement influence your work? It’s really about finding an interesting problem and applying financial technology to solving that problem or to dealing with that problem. You know, the people who invented the alphabet didn’t do so to make money. They had an interesting problem—communication on both a local and a grand scale—and if you were to calculate the social return for the invention of that technology or technique, it’s almost infinit...